heres some reading for you gabfly. i know youll refute anything and everything regardless (you just like to argue), but arthur laffer is a pretty good source. http://blog.pappastax.com/index.php...sing-taxes-on-top-1-will-reduce-tax-receipts/
For example: The tax cut on wooden arrows. Direct result: GS is still with us today via Tarp via AIG. Taxes cuts do not work in a vacuum. Maybe a broom or cordless floor sweeper.
This is what I hoped to address by saying "if my competition were exempt". All my domestic competitors have the same regulatory burden, so we'll all be compelled to build those costs in. We'll do it when the requirements go into force. Level playing field. The rest addresses foreign competitors who are not subject (directly) to U.S. regulation.